US: Annual PPI drops to 2% in January from 2.5% in December
|"The Producer Price Index for final demand edged down 0.1 percent in January," the U.S. Bureau of Labor Statistics announced on Thursday.
Key takeaways from the press release
- Final demand prices also fell 0.1 percent in December and inched up 0.1 percent in November.
- On an unadjusted basis, the final demand index advanced 2.0 percent for the 12 months ended in January.
- The index for final demand less foods, energy, and trade services rose 0.2 percent in January following no change in December.
- For the 12 months ended in January, prices for final demand less foods, energy, and trade services moved up 2.5 percent.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.